iCrossing Raises $62M

Scottsdale, Arizona-based iCrossing said Thursday that it has raised $62M, in an investment from Goldman, Sachs & Co., along with its existing investors Oak Investment Partners, RRE Ventures and StarVest Partners L.P. iCrossing, which provides search marketing and digital marketing services, said it will use the funding to support its acquisition and organic growth strategy. Guarav Bhandari of Goldman Sachs will join the firm along with the funding. iCrossing was founded in 1998, and claims Travelocity, general Motors, and Coca-Cola as clients. More information »